Question

2 An item was sold for Rss 40 at a profits 5% what was it
cost price? hint. As profit loss are always can (P) Sp-cp profit
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Answer 1

Answer:

Rs. 38(approx.)

Step-by-step explanation:

SP = Rs. 40

profit = 5%

SP = (100+gain%)*CP/100

40 = 105/100 × CP

CP = 4000/105 = Rs. 38 (approx)